Crowdfunding has officially met cryptocurrency as the popular site Indiegogo is now hosting the Initial Coin Offering for the St. Regis Hotel Aspen.
The hotel company is using Rule 506(c) under Regulation D to sell security tokens that will represent shares of stock in the company and may be bought only by “accredited investors.”
The platform to buy the tokens is not Indiegogo however, it is Templum Markets, a FINRA registered broker dealer.
Your securities must be kept in a digital wallet compatible with Ethereum tokens (ERC-20 standard) and cannot be transferred to your favorite discount broker.
And, by the way, “There will be no free perks attached to Aspen Coins in regards to free hotel room or free hotel accommodations at the St. Regis Aspen or any St. Regis hotel.” So, be ready to pay the rack rate when you go visit your investment.
(No endorsement implied).